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The Components and Importance of Estate Planning

Estate planning involves crafting a plan to manage an individual’s assets during their lifetime, in the event they become incapacitated, and after their death. An estate plan should include the testator’s instructions regarding their healthcare wishes. It should also explain...
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Wage Law Basics for Public Employees

The Fair Labor Standards Act (FLSA) establishes overtime pay and minimum wage standards for employees in the public and private sector. The FLSA has some unique provisions applicable only to federal and local government sector employers and their employees. Here...
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Are Trusts and Wills Interchangeable?

Wills and trusts are estate planning tools. A trust is set up to provide legal protection to the creator’s assets. It allows the Trustee appointed by the creator to take major investment, healthcare, and other decisions on behalf of the...
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The Difference Between a Trustee and an Executor

Even though trustees and executors have similar duties in that they are responsible for managing estate assets and distributing them among the beneficiaries, the nature of their jobs is different. Many testators appoint the same person as the trustee and...
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Trust Administration – The Secret Sauce

A trust is a legal, fiduciary arrangement that allows a person to hold and direct assets held in the trust. A trust can be set up under a trust agreement executed during the creator’s lifetime or can be created using...
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How To Protect Your Business Assets?

As a business owner, you might be well aware that running and managing a company has its own set of difficulties and risks. It’s not enough to simply make a profit, you also need to protect your firm against claims...
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